The Rise of Aspirational Luxury in China | AME

The Rise of Aspirational Luxury in China

A recent McKinsey study showed that aspirational luxury consumers represent about 18% of the fashion market in all countries studied, generating over 270 billion dollars in market value each year (D’Auria, et al., 1978). In particular, China is experiencing a surge in aspirational luxury shopping, with shoppers preferring certain types of luxury goods.

Written by AME

Posted

Consumers in this segment, largely Gen Z consumers and first-time luxury buyers are currently most interested in minimalist designs, logo-less designs, and products from brands with robust digital strategies.

Accessibility and Self-Expression at the Forefront

Among younger Chinese aspirational luxury shoppers, accessibility and self-expression are more important than exclusivity. This trend indicates that these consumers are favoring brands that offer more affordable luxury than brands that only offer ultra-exclusive pricing. Additionally, these young buyers prioritize individualism and personalization when shopping for luxury items. 

Why Aspirational Consumers Value Private Label

By deeply understanding brand DNA, Ateliers AME gets to the heart of customers’ desires and preferences. Due to its relationships with the world’s best artisans, Ateliers AME is able to create one-of-a-kind luxury items for brands, prioritizing quality, uniqueness, and self-expression in luxury. By incorporating a private label solution into their product offerings, brands can expand their typical customer base and reach new segments. 

Ateliers AME’s unique process reflects consumers’ desires for products that match their identity and lifestyle, as well as personalized designs. Ateliers AME creates ultra-customized items directly tailored to the brand’s consumer base by understanding their lifestyles, heritages, and other preferences.

Modern luxury is defined by objects that create a personal experience and resonate with individual values. In the evolving age of consumers who value quality and purpose above all, Ateliers AME is leading the way in transforming luxury into a meaningful experience.

 

More Stories